Student Debt

For years, student loan scams have been tempting borrowers with empty or misleading promises that they can have their loans discharged or forgiven. These unscrupulous companies charge fees to enroll borrowers in free Department of Education programs and services including income-driven repayment plans, deferment and forbearance. Now, amid the coronavirus pandemic, a new crop of student loan scams have emerged. Their tactic is the same, except this time they're attempting to charge fees for the protections that are already afforded…

Debt, despite how essential it is for many American families trying to afford college, can be in and of itself the cause for quite a bit of stress. When you factor in the further difficulty students are having finding employment after graduation, and loan management companies that can be less than forthcoming with information that could ease your repayment burdens, the tension only grows. Wouldn't it be great if there was a trick or a quick fix to help get…

Often parents tell me they want their students to graduate from college debt-free because they are aware of the large debt burden many students are carrying these days. These same parents, especially those who also don’t expect their children to get campus jobs, are also seriously underfunding their retirement accounts. Prioritizing your retirement funding over college funding doesn’t make you a bad parent. Many years from now your children will actually thank you for it when they don’t have to…